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Diagnostics (IVD) Market Will Grow Swiftly Owing To Innovations In IVD technologies By 2020 Business Articles | May 26, 2016

New Market Research Reports Title “In Vitro Diagnostics (IVD) Market Analysis Size and Segment Forecasts to 2020” Has Been Added to Grand View Research Report Database



Global?in vitro diagnostics market?is expected to propagate at a significant rate owing to the surging incidences of rising aging population, chronic lifestyle related diseases, and increased usage of personalized medicine and point-of-care testing. In vitro diagnostics is anticipated to grow due to the developments, innovation, and advancements in various IVD technologies. Rising health concerns and the ability of the consumers to take these IVD tests at home and in hospital have increased their awareness among the consumers, leading to market growth. Serious health issues including diabetes Cheap Alex Burmistrov Shirt , cancer, and sexually transmitted diseases are expected to be identified using IVD tests and surge the growth of the market in the long run.


Increased awareness among the consumers about various diseases, quickly altering healthcare environment, and enhanced role of diagnostics in patient care has provided a boost to the in vitro diagnostic market. Surging need for detecting communicable diseases, point-of-care recognition, and identification of various diseases like respiratory infections, RSV, influenza Cheap Thomas Vanek Shirt , and pneumonia along with identification of pathogens causing filariasis and malaria are some of the key drivers of IVD market.?


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Product-wise the in vitro diagnostic market is segmented into instruments, services, data management systems, reagents, and kits that are intended to diagnose and determine the state of health to mitigate, cure, prevent, or treat a particular disease. The Food and Drug Administration (FDA) classifies the IVD products according to regulatory control into Class I Cheap Jacob Markstrom Shirt , II and III. Different techniques of carrying out IVD tests are molecular diagnostics, blood testing, diabetes testing, clinical chemistry, microbiological diagnostic techniques and flow cytometry. The tissue diagnostic market is expected to rise owing to the increasing incidents of lung and bronchus cancer, melanoma, and prostate breast cancer diagnosis. In 2013, Professional IVD products were the largest segment accounting for revenue of USD 36 Cheap Brandon Sutter Shirt ,117.3 million in 2013.


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Electrolyte panel, basic metabolic panel, lipid profile, liver panel, renal profile, rapid tests, western blot, hematology Cheap Derek Dorsett Shirt , coagulation, hemostasis, microarray, hybridization, radioimmunoassay and specialty chemicals are the most commonly used technologies in the market. Applications of in vitro diagnostics include oncology, cancer, nephrology, cardiology Cheap Christopher Tanev Shirt , drug testing, autoimmune diseases, diabetes and infectious diseases. The IVD tests are being used by a wide range of customers including academic institutes, in point-of-care testing, patient self-testing, hospitals, and laboratories